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China Amends the FIE Record-filing laws Regulating Foreign Investments

In October 2016 came into effect revised Four laws in China that were promulgated and amended by National People’s Congress (NPC)to attract and encourage inbound foreign investments. Year by year, China keeps opening-up to the outside world and OFFSHORELICENSE keeps track of global trends observing the substantial moves of this important player on the international stage. This time to attract...

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Invasion of EU privacy laws

The overall concern regarding the potentially negative consequences of the **General Data Protection Regulation (GDPR) implementation** continues to grow. Less than a month ago GDPR – the new data protection regulation, came into force across the European Union (EU) and, as time passes, its effects for businesses and general public become clearer. If you have already optimized all of your ...

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The Great Step Towards China

...r, in order to assure the stability of your business. Our turn-key business solutions also include accounting, audit and other financial services that may be required for client to sustain the business and stay compliant with local and international laws. Year by year, China keeps opening-up to the outside world and Offshorelicense Ltd keeps track of global trends observing the substantial move...

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Starting an international business. To offshore or not to offshore?

...tioning.* When you form or relocate your business to another country you can achieve a couple of very crucial goals. Sometimes legal or taxation climate in your country is not opportune for business matters. This does not mean you have to break the laws or do anything illegal. The main reason to move your business is to keep balance between your own profit and the others’. Also, having a foreig...

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Governmental digitalization in Malta

... public authorities of Malta have a positive attitude towards the blockchain technology. **Malta government authorities intend to establish Malta as a center of “Blockchain industry”**, thereafter they have announced the following three draft laws: (I) the Malta Digital Innovation Authority Bill; (II) the Innovative Technology arrangements and Services Bill; and (III) the Virtual Financial ...

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Gaming Bill in Malta. One Gaming Law for All

...onomy, and Innovation, Silvio Schembri made an announcement that was of utmost importance for companies and individuals who participate in the **gaming industry of Malta**. Nowadays the regulatory situation of this industry is as follows: different laws, contradictory documents, guidelines and directives. What will change? The Parliament promises to adopt the **Gaming Bill** – a newly developed...

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How to Relocate Your Business Overseas: Expert Recommendations

...times it is a good idea to use advantages of different jurisdictions for your business.Before moving to a foreign jurisdiction, it is important to analyze its legislation.The most significant aspects for you to acknowledge are taxation and corporate laws. In addition, think about establishing an office and creating a stable customer care system. If you do not feel sure and comfortable doing it ...

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Virtual Currencies’ Control in Singapore

Using **virtual currencies** is now a common practice between business representatives. Breadth of choice in the field of financial instruments makes regulators think of more and more universal types of acts and laws. Many international documents also have requirements for the counter-financing of terrorism and anti-money laundering policies. This puts financial regulators in the position where...

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Saint Vincent and the Grenadines Deals with the False Accusations

...rorism, tax offences, and other financial crimes together with the international authorities. **Saint Vincent and the Grenadines is out of any sanction lists and its legislation complies with major international acts on financial crimes**. The US laws are considered to be the strictest in matters of transferring and storing money overseas, therefore the information in the media seems to be inco...

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New securities policies from Bahamas Regulator

Recently, **three new securities policies were announced** by the Securities Commission of Bahamas (SCB) which will affect different aspects of securities laws. The following documents were published on the Commission official website: (i) **Due Diligence Refresher Policy**; (ii) **Reclassification and Downgrade of an Unrestricted Investment Fund Administrator License**; (iii) **Regulatory C...

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6 things to consider when going offshore in 2017

...e an offshore jurisdiction because they do not know what to consider first when moving. We chose 6 things that will help our customers decide whether they need to do business offshore. 1. Legislation and legal opportunities. Business regulation laws in domestic country sometimes are strict and oppressive for business. This means that there is a need for company founders to choose most advanta...

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Why should you invest in offshore business?

... reason. Another point to consider when moving a business offshore, is safety and confidentiality of the country. Most popular jurisdictions have high level of asset protection and strong confidentiality legislation. Individuals who are afraid of lawsuits or other financial troubles can easily invest in company offshore. This can keep your assets safe and also help increase your income. Conf...

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Starting offshore business in Vanuatu

...hoosing Vanuatu as your offshore jurisdiction are mostly about simplicity and favorable climate for business. For example, all international businesses in Vanuatu are regulated by only two legislation acts, both from 1900th. Main advantages of these laws are confidentiality and support of international business initiatives. They make Vanuatu one of the most favorable offshore jurisdiction nowadays...

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Why is Limited Liability Partnership a popular business structure?

...s, perform management duties by themselves or appoint special workers, operate inside or outside the UK. All these features allow them to scale business in any ways they want. Main partnership members are also individually protected from the massive lawsuits that may arise regarding their business activity. This is why you, as an entrepreneur, should think about setting up your Limited Liability P...

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How to set up a Limited Partnership in Scotland?

...inimize taxes with a simple scheme. Limited partner in a Scotland company is subject to law profits and the general partner receives most gains. The secret is that general partner is a foreign person who is not a taxation subject according to the UK laws. So, starting a small business in Scotland in form of Limited Partnership is a reasonable and allows you both optimize taxes and use all advantag...

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Starting your own business in Saint Vincent and the Grenadines

...ibbean Dollar to USD hasn’t changed since 1976. What are the other arguments in favor of setting up a company in St. Vincent and the Grenadines? Except of political and currency stability there are a couple more arguments. Package of financial laws that regulate St. Vincent company formation were enacted in 1990s and business in this country operates according to them. This law package is ai...

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Pros and cons of Labuan company formation

...s’ meetings can be held all over the world but marketing office is limited to allowed cities. It is important to check the list before renting a suitable office. Good news is that when establishing company in Malaysia you can enjoy confidentiality laws that grant your information safety from public access. One more thing you need to consider when you establish company in Malaysia is that you ...

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Move business wisely. What to consider when choosing offshore jurisdiction?

...also plays a big role in company formation. Comfortable offshore climate often depends on local regulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investment laws and taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, Switzerland, the UAE and other. Considering this poin...

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Loyal Bank Account Opening

...e investment options. Tax Obligations – Whilst banking internationally has potential tax benefits for you, tax rules differ from country to country. In St. Vincent any earnings you make on your account with this bank are not taxable under local laws nor do they have to be reported locally but this does not mean you will not have a possible tax liability in your own country.ACCOUNT MAINTENANCE...

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Labuan Token License

...ry of Malaysia, which offers one of the strongest regulatory frameworks for various financial service companies. This, along with the favorable tax system, makes Labuan a prestigious place where to start a Token Licensed Business. According to local laws issuer of such tokens undertakes that: on the production of the token, whether or not some other action is also required, the issuer will s...

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Switzerland Portfolio Management (ARIF Registration)

...of Membership which would allow successful applicant conduct portfolio management activities within and outside Switzerland. To become a member of ARIF, a limited company with initial capital not less than CHF 20,000 is to be registered under the laws of Switzerland. A company must have at least one director of Swiss nationality, in this respect OFFSHORELICENSE does provide nominee services. ...

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Belize Money Transmission License

... and user-friendly offshore legislation.Incorporation & obtaining license: 3-4 months Minimum paid up capital: USD 75,000.00 * License fee: USD 1,000.00 License renewal: USD 5,000.00 Overview Belize´s laws facilitate fast and simple incorporation, and its modern and computerized IBC Registry is capable to process a company registration quickly. T...

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Loyal Bank Account Opening

...ent options. Tax Obligations – Whilst banking internationally has potential tax benefits for you, tax rules differ from country to country. In St. Vincent any earnings you make on your account with this bank are not taxable under local laws nor do they have to be reported locally but this does not mean you will not have a possible tax liability in your own country. Loyal ...

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Belize International Business Company Formation

.... This piece of legislation was initially adopted in 1990 and further extended and amended in 2000. Belize IBC Act is considered internationally as one of the most modern and user-friendly offshore corporation legislations available today. Belize´s laws facilitate fast and simple incorporation, and its modern and computerized IBC Registry is capable to process a company registration quickly.Gener...

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Cyprus Limited Liability Company Formation

...art of the public record, if you wish to avoid it then please request a nominee service Directors' details – are part of the public record, if you wish to avoid it then please request a nominee service Taxation According to Cyprus Tax laws, Cyprus Companies are considered to be Cyprus tax residents by default and are taxed at 12.5% on profit. However, non-resident Companies are not ...

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Quebec Company Formation

...fits Newly formed corporation should hold its first meeting of directors (called an organizational meeting) shortly after incorporation. The orders of business of an organizational meeting are usually to appoint officers, issue shares, make by-laws, appoint an auditor until the first meeting of shareholders and make banking arrangements. The first annual meeting of shareholders must be calle...

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Labuan International Business Company Formation

...apital requirement Overview The Offshore Companies Act 1990 (OCA) provides for the establishment of offshore companies and the registration of foreign offshore companies in Labuan. In addition, a foreign company incorporated under the laws of another country may also apply to be registered as being continued in Labuan. Every offshore company may be a company limited by shares or by ...

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British Virgin Islands International Business Company Formation

...trust business (unless licensed under the Banks and Trust Companies Act, 1990) or insurance or re-insurance business (unless licensed in the BVI to carry on that business). Otherwise, BVI BC's may engage in any activity that is not illegal under the laws of the BVI subject to any restrictions in their Memorandum of Association.General information Company structure Only one shareholder (ca...

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St.Vincent and the Grenadines IBC Formation

...is a tax free vehicle for undertaking a wide range of business and investment opportunities under the jurisdiction of St. Vincent and the Grenadines, characterised by robust asset protection and some of the strongest global confidentiality laws. St. Vincent and the Grenadines holds an international reputation in the offshore market, built on the back of its introduction of the Preserv...

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Vanuatu International Business Company Formation

...ore or International Company, is commonly set up in an offshore financial centre like Vanuatu, where there are no corporate or personal income taxes, capital gains taxes, reporting requirements, or restrictions on company employment policies. As tax laws differ from country to country it is important to seek proper professional advice in your home country to ensure that any use of Vanuatu does not...

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Saint Vincent and the Grenadines Forex Company Formation

...ced level of confidentiality which caused by implementation of Confidential Relationships Act 1996. This law guarantees strict confidentiality for its corporations and persons involved with them. This Act is believed to be one of the best privacy laws all over the world. Main benefits Forex companies are exempt from taxes for 25 years from the date of formation Forex company is not r...

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